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Level 2
02-27-2024
05:55 PM
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We talked to Lacerte and there is no override for SE health insurance this year. Their solution was to enter the amount of wage and housing allowance on Adjustments Screen 24 as Net Earning Adjustments, Net profit of business under which plan is established. This generates the premium deduction on Line 1 of Form 7206, but I don't think that's right. Line 1 is for the "total amount paid in 2023 for health insurance coverage established under your business". These were Medicare premiums and the minister doesn't have a "business" per se. There is no line on Form 7206 that is specific to ministers.